Buenos Aires — Argentina’s government expects a pricing incentives program will turn around a slide in natural gas output in the next few years, but LNG imports are poised to rise this year, including via a possible second floating storage and regasification unit (FSRU), Energy Secretary Dario Martinez said. Producers are investing in [gas] resources,” he said late March 30 in…
Read MoreYear: 2021
SSGC levies PUG charges in accordance with Gas Supply Contract with domestic customers
SSGC reiterates that it has never been in a practice of over-billing its esteemed customers, as it raises gas bills in accordance to the actual meter readings obtained from the gas meters installed at the customer’s premises. It is only in the proven case of slow or defective meters when the Company has to recover the charges calculated as a…
Read MoreOGRA slashes price of LPG cylinders
ISLAMABAD: In a monthly price review, the Oil and Gas Regulatory Authority (Ogra) has slashed the prices of domestic and commercial LPG cylinders with effect from Thursday (April 1). On Wednesday, the Ogra notified new LPG prices for domestic and commercial LPG consumers owing to decrease in prices of LPG internationally and low consumption. The regulatory body announced to reduce…
Read MoreExperts stress need for green energy
The government is planning to increase the number of hydroelectric power projects in order to take the share of renewable energy to higher levels, said National Electric Power Regulatory Authority (Nepra) Chairman Tauseef H Farooqui. Sharing his views at a webinar titled “Impact of Covid on Energy Sector of Pakistan: Opportunities and Challenges”, organised by the Sustainable Development Policy Institute (SDPI), Farooqui…
Read MorePM seeks climate finance for Pakistan, other states
ISLAMABAD: Prime Minister Imran Khan on Wednesday called upon the major economies to pursue a holistic approach towards climate change and galvanize supportive finance for Pakistan and other vulnerable countries braving the climatic challenge. “We expect this to be a moment for the world’s major economies to come forward and galvanize supportive finance for responsible countries like Pakistan, that are…
Read MoreGusty winds cause power outages in Peshawar
PESHAWAR: Strong winds with gusts up to 55 kilometers per hour hit the provincial capital for the second consecutive day on Wednesday causing prolonged power outages. The weathermen call the weather phenomenon ridge and said it would prevail for three to four more days. The windstorm was also reported in some other parts of the province on Tuesday and Wednesday.…
Read MoreCASA power project to be completed early, Tajikistan assured
DUSHANBE: Pakistan on Wednesday assured Tajikistan of making utmost efforts for an early completion of the CASA-1000 project. Foreign Minister Shah Mahmood Qureshi at a joint press conference with his Tajik counterpart Sirajuddin Mehruddin said Pakistan believes that Central Asia-South Asia (CASA-1000) project will not only benefit the two countries, but the entire region. Launched in 2016, the under-construction CASA-1000…
Read MorePrices of petroleum products cut by up to 2.5pc
ISLAMABAD: While increasing tax rates, the government on Wednesday reduced prices of all petroleum products by up to 2.5 per cent for the next 15 days to pass on partial impact of the decline in the international prices. According to a notification issued by the finance ministry, the ex-depot price of petrol was reduced by Rs1.55 per litre and that…
Read MorePLL finalises bids for 8 LNG cargoes
KARACHI: Pakistan LNG Limited (PLL) has finalised lowest bids ranging from $6.7/mmbtu to $6.925/mmbtu for eight LNG cargoes to be delivered during April to June 2021, a statement said on Tuesday. It was the first time PLL invited bids on fixed dollar rates instead of percentage of Brent, as was the practice. PLL had received a total of 42 bids…
Read MoreEni agrees LNG, gas deal with Zhejiang Energy as China switches to cleaner fuels
On Monday a study showed China generated 53% of the world’s total coal-fired power in 2020, nine percentage points more than five years earlier. China has promised to reduce its dependence on coal and bring emissions of climate-warming greenhouse gas to a peak before 2030 and become “carbon neutral” by 2060. MILAN: Italy’s Eni has agreed a long term liquefied…
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